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ST. PETERSBURG, Russia, March 22 (Xinhua) -- Visiting Chinese Vice President Xi Jinping said here on Monday that Russia is a vital market for the "going global" strategy of Chinese enterprises, and expressed hope that mutually-beneficial economic cooperation could help consolidate bilateral ties and strategic partnership."Chinese enterprises should step up efforts to go global ... and Russia is a vital market for the implementation of our 'going global' strategy," said Xi while inspecting a Sino-Russian joint project, the Baltic Pearl, in Russia's northern metropolis St. Petersburg.With a total investment of over 1.3 billion U.S. dollars, the large commercial, real estate and tourism project involved several leading enterprises from east China's Shanghai Municipality, the St. Petersburg municipal government and the Export-Import Bank of China. It was launched in 2006. Chinese Vice President Xi Jinping (C) visits the Baltic Pearl project, invested by enterprises from Shanghai of China in St. Petersburg, Russia, March 22, 2010. The Baltic Pearl is one of the "exemplary projects" for Chinese investment in Russia, and has received strong support from local and central governments in both countries, Xi noted."I hope you show dedication and innovation in the implementation of the Baltic Pearl project, so as to blaze a new trail for more Chinese enterprises to come and invest in Russia," Xi told representatives of Chinese businesses involved in the project on the site.The vice president said that it is the Chinese government's unswerving policy to encourage more domestic enterprises to go overseas for investment and cooperation, by means of production capacity transfer, mergers and acquisitions, joint resources development, and project contracting.Chinese enterprises should contribute to China's economic restructuring and transformation of growth patterns through the " going global" strategy, which means a better use of both domestic and overseas markets and resources, he said.On the current China-Russia relations, Xi said they are mature, stable and sound, with political mutual trust between the two sides reaching an unprecedented high level."In safeguarding the Sino-Russian relations, a key issue is to adhere to mutually-beneficial and win-win cooperation and consolidate the economic foundation of such relations," he stressed, adding that it's of particular importance to balance " take" and "give," and give full consideration to the interests of the Russian side in any cooperative projects.He urged Chinese developers of the Baltic Pearl project to further strengthen communication and consultation with St. Petersburg authorities, and establish a sound public image for themselves and the Chinese nation as a whole.He expressed the belief that the Baltic Pearl, as wished by Chinese President Hu Jintao during an earlier inspection tour of the project, would end up as "a first-grade project, a strategic platform and a prototype of cooperation."Xi, who arrived in Russia on Saturday, is on a four-nation European tour which will also take him to Belarus, Finland and Sweden.   Chinese Vice President Xi Jinping (C) visits the Baltic Pearl project, invested by enterprises from Shanghai of China in St. Petersburg, Russia, March 22, 2010.

BEIJING, Feb. 25 (Xinhua) -- China's labor unions had played an irreplaceable and unique role in boosting stable economic development and employment stability, Chinese Vice President Xi Jinping said here Thursday.The Chinese government attached great importance to the role of labor unions in China's economic and political arenas and supported labor unions to better safeguard workers' legitimate rights and interests, Xi said.Xi made the remarks in his speech at the opening ceremony of an international forum on economic globalization and trade unions in Beijing.Chinese Vice President Xi Jinping addresses the opening ceremony of an international forum on economic globalization and trade unions in Beijing, China, Feb. 25, 2010As a developing country with 1.3 billion people, China should take both its industrialization and creating enough jobs for people into consideration and make comprehensive and balanced plans, Xi said.

BEIJING, Feb. 22 -- The Chinese central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference.According to sources with knowledge of the new policy, it intends that Chinese-brand passenger vehicles will comprise at least half of vehicle sales by 2015 and sedans made by entirely domestic automakers will have about 40 percent of the nation's car market.Statistics from the China Association of Automobile Manufacturers (CAAM) show that 4.58 million Chinese-brand passenger vehicles were sold last year, some 44.3 percent of the total. Through an acquisition deal with Aviation Industry Corp last year, Chang'an Auto closed the biggest asset deal between State-owned auto enterprisesSales of domestic sedans hit 2.22 million units, almost 30 percent of the segment.The new policy will also focus on accelerating consolidation between automakers and could lead to a new round of reshuffling, industry insiders said.China became the world's largest auto producer and market last year with both production and sales surpassing 13.5 million vehicles due in part to government incentives.There are now more than 130 carmakers across the country, but most of them are small enterprises with annual production and sales of fewer than 10,000 units.Only five had sales of more than 1 million units last year as the country's top 10 carmakers moved a total of 11.89 million vehicles to account for 87 percent of overall sales, according to market data.Consolidation movesLast year, Chang'an Motor Corp acquired two minivan makers - Hafei and Changhe - as well as engine producer Dong'an Auto from the Aviation Industry Corp of China (AVIC), marking the biggest asset deal ever between State-owned auto companies.Chang'an is the fourth-largest motor group in China and the local partner of US carmaker Ford Motor and Japan's Mazda and Suzuki. After the acquisition, Chang'an's 2009 sales were only 30,000 units behind Dongfeng, the country's third-largest motor group.Guangzhou Automobile Group Corp, the country's sixth-biggest automaker, bought a 29 percent stake of Shanghai-listed SUV maker Changfeng Motor Co Ltd for 1 billion yuan in May last year.Beijing Automobile Industry Holding Corp, China's fifth-largest carmaker, reportedly finalized a deal last month to buy a 40 percent stake in Daimler AG's van joint venture with Fujian Motor Industry Corp.By 2012 policymakers hope consolidation will result in two to three large-scale auto groups, each with annual production capacity surpassing 2 million units, and four to five companies with annual output of more than 1 million vehicles, according to the national auto industry revitalization plan released in March last year.The current top-four Chinese motor groups are SAIC Motor Corp, FAW Group, Dongfeng Motor and Chang'an Motor. Carmakers including Beijing Automobile, Guangzhou Automobile, Chery, Geely and Sinotruk form the second tier in the country's auto industry.Going globalLi Yizhong, minister of Industry and Information Technology, said recently that in addition to fueling industry consolidation, the government will also implement measures to encourage domestic automakers in reaching overseas this year through investment, acquisition of foreign brands, building research and development facilities and developing sales networks.Industry sources said that the new policy calls for 20 percent of overall sales by major auto groups to be generated overseas in the next few years.In the wake of the financial crisis, China's vehicle exports fell sharply by 45.7 percent to 369,600 units last year, according to statistics from the General Administration of Customs. Industry analysts generally expect a rebound in car shipments this year as the foreign markets begin to recover.Despite the poor export performance, Chinese companies were aggressive in acquiring overseas assets in 2009.Homegrown carmaker Geely's bid for Swedish luxury brand Volvo received a lot of media exposure in 2009. The Zhejiang-based company will reportedly close the deal soon.Beijing Automotive bought some of Swedish carmaker Saab's core assets and technologies for 0 million last year.Li noted that along with encouraging acquisitions and consolidation, the government will restrain overcapacity in the auto industry.Li also said that the ministry will accelerate the development of new energy vehicles, including hybrid, pure electric and fuel battery models.The new policy will reportedly stipulate that Chinese partners hold at least a 50 percent share in newly built Sino-foreign joint ventures that produce core parts for alternative-energy vehicles.

BEIJING, Feb. 4 (Xinhua) -- Chinese Vice Premier Hui Liangyu said Thursday that the civilians and army should develop favorable interactions to secure both economic and defense development.The government will mobilize various social resources to support the modernization of and various military demands of the army, said Hui at a meeting here.It will also work to better protect the legal rights and interests of servicemen and their families, he said.Hui also hoped the armed forces could contribute to the development and stability of the Chinese society.To develop close army-civilian relations, the government and armed forces should work together to solve problems that common people and soldiers care most and well settle the disputes between the army and localities, so as to well safeguard the fundamental interests of the army and civilians, he said.

BEIJING, Feb. 13 (Xinhua) -- The outlook of China's steel industry will be better this year than 2009 as the impact of the stimulus package continues, the Ministry of Industry and Information Technology (MIIT) said Saturday.A strong increase in new investment plans would help boost domestic demand for steel while improving external demand following world economic recovery would encourage steel exports, the MIIT said.The implementation of a proactive fiscal policy and moderately easy monetary policy injected ample liquidity into the market and provided the steel enterprises with easy access for fund, it said.However, excess capacity, still weak external demand and rising production costs would all impose pressure on the development of the industry, the ministry said.China's crude steel production capacity was forecast at 700 million tonnes at the end of 2009, compared with 660 million tonnes at the end of 2008.In 2009, China's steel output rose 13.5 percent to 567.84 million tonnes. Its 68 large and medium sized iron and steel companies reaped 55.39 billion yuan (8.12 billion U.S. dollars) in profit in 2009, down 31.43 percent from a year earlier.

来源：资阳报